Reduces Costs-Management

Describe ‘Reduces Costs’ objective of management.

E

Expert

Verified

It gets maximum outcomes via minimum input by proper planning and by using minimum input and getting maximum output. Management employs physical, human and financial resources in such a way that outcomes in best combination. This aids in cost reduction.

   Related Questions in Management Theories

©TutorsGlobe All rights reserved 2022-2023.